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Cable Update (GBPUSD)

  • #159,141
  • Aug 19, 2009 5:34am Aug 19, 2009 5:34am
Quoting soartosky
where u placing ur sell? 6374?
6370, little bit of room
  • #159,142
  • Aug 19, 2009 5:36am Aug 19, 2009 5:36am
Quoting albchr
Morning BB, Everyone....

Man did I over sleep....lol

Pretty frustrating to wake up and see this. Had I given more room for my 6550 sell yesterday, It would have been a nice morning. I thought a 35 pip SL at that level would be enough. Evidently not...
I hate that sorta thing happen. go up just a little bit more than SL


this looks like a coiled spring now ....i can feel it , big move coming
Lets Soar The Sky
  • #159,143
  • Aug 19, 2009 5:37am Aug 19, 2009 5:37am
Quoting albchr
Morning BB, Everyone....

Man did I over sleep....lol

Pretty frustrating to wake up and see this. Had I given more room for my 6550 sell yesterday, It would have been a nice morning. I thought a 35 pip SL at that level would be enough. Evidently not...
Hey Chris, dame shame buddy... 1.6610 would have kept you alive. I have recouped my -100pips from yesterday and more, not that am in a losing week with mondays cherry. Hang in there bro, I'm looking to add on approach to 1.6490..... final destination is 1.6200
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,144
  • Aug 19, 2009 5:37am Aug 19, 2009 5:37am
Gbpusd market slow at the moment off the 6374 current intraday low, price 217 pips off the intraday hi, which is out of the average daily pip zone-presently 210.

This is the current 4hr situation as I see it in respect of obvious previous swing hi/lo zones, ie previous obvious near-term imbalances of supply/demand and demand/supply. these price pivot zones along with fibs and trend lines can inform our trading decsions re potential support/resistance and of course where the zones/factors on this t/f co-exist with those on the t/f above and below, ie daily/1hr then the support/resistance is potentially greater.

I look at where these zones/factors co-exist on my main 1hr potential supp/res/sbr/rbs chart for trading repeating hi-probability set-ups with a price action trigger on the sub 30min t/f's should they develop.

G/L

http://i30.tinypic.com/2cy5gtx.gif
ex member
  • #159,145
  • Aug 19, 2009 5:45am Aug 19, 2009 5:45am
Quoting bbmac
Gbpusd market slow at the moment off the 6374 current intraday low, price 217 pips off the intraday hi, which is out of the average daily pip zone-presently 210.

This is the current 4hr situation as I see it in respect of obvious previous swing hi/lo zones, ie previous obvious near-term imbalances of supply/demand and demand/supply. these price pivot zones along with fibs and trend lines can inform our trading decsions re potential support/resistance and of course where the zones/factors on this t/f co-exist with those on the t/f above and below,...
Good chart, a chart within a chart.... can see it

http://www.forexfactory.com/showpost...stcount=159120
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,146
  • Aug 19, 2009 5:49am Aug 19, 2009 5:49am
Quoting Bull_Bear
Hey Chris, dame shame buddy... 1.6610 would have kept you alive. I have recouped my -100pips from yesterday and more, not that am in a losing week with mondays cherry. Hang in there bro, I'm looking to add on approach to 1.6490..... final destination is 1.6200
@BB....do you think its gonna reverse to .6490 area before it drops again far south?...this might sound stupid but I'm not scared to ask....do you think a long from here@ .6390 wih Tp @ .6450 with....i don't know SL be sensible?
  • #159,147
  • Aug 19, 2009 5:49am Aug 19, 2009 5:49am
Does anyone think there might be a small retracement or everyones is 100% bear??
  • #159,148
  • Aug 19, 2009 5:50am Aug 19, 2009 5:50am
Did anyone feel like this during the drop this morning?
Attached Image
  • #159,149
  • Aug 19, 2009 5:51am Aug 19, 2009 5:51am
Quoting hel13rock
Yes but I wouldn't be surprised if it played along the top of that pivot level for quite a while and then broke down with strong momentum. Happens that way quite often.

I've got a sell order just below the low, should hopefully be good for 80 or 90 pips if it breaks with enough volume.

You could be right there bud,we had a Doji on the last candle on GBP 1 hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: chart gbpusd 1 hr doji.gif Size: 22 KB
  • #159,150
  • Aug 19, 2009 5:52am Aug 19, 2009 5:52am
Quoting maurofx
Does anyone think there might be a small retracement or everyones is 100% bear??
I thought it might retrace but like Soar said it may just be a pause before another run down.

I'm watching the break of weekly S1.
  • #159,151
  • Aug 19, 2009 5:54am Aug 19, 2009 5:54am
Quoting liquidmoment
You could be right there bud,we had a Doji on the last candle on GBP 1 hr chart.
I hope so
  • #159,152
  • Aug 19, 2009 5:56am Aug 19, 2009 5:56am
Quoting topestyles
@BB....do you think its gonna reverse to .6490 area before it drops again far south?...this might sound stupid but I'm not scared to ask....do you think a long from here@ .6390 wih Tp @ .6450 with....i don't know SL be sensible?
I just closed my short and am reversing long at;

1.6390... SL 1.6345... TP 1.6490

than reverse for the short side.

This could be a bad trade... so follow at your own risk.

DT we in the same camp now bro but only to 1.6490 bro...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,153
  • Aug 19, 2009 5:58am Aug 19, 2009 5:58am
Quoting Bull_Bear
I just closed my short and am reversing long at;

1.6390... SL 1.6345... TP 1.6490

than reverse for the short side.

DT we in the same camp now bro but only to 1.6490 bro...
OK, I'll drop you off at 16490 on my way to 166 bro
  • #159,154
  • Aug 19, 2009 5:59am Aug 19, 2009 5:59am
Quoting hel13rock
I hope so
Hello friends.

Sorry to ask this silly Q...What is meaning of Doji?
Forex success = Patience + Leverage
  • #159,155
  • Aug 19, 2009 5:59am Aug 19, 2009 5:59am
Agreed the 618 of yesterdays up move seems to be holding strong
  • #159,156
  • Aug 19, 2009 6:00am Aug 19, 2009 6:00am
Quoting direct-trade
OK, I'll drop you off at 16490 on my way to 166 bro
Nah man see you at 1.6200 ... wager a BEER my friend?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #159,157
  • Aug 19, 2009 6:01am Aug 19, 2009 6:01am
From 1D chart if it goes north we will go 1,7140. if we broke 1,6245 we will go south, we are in bullish canal in the bottom. Anyone see it?? I'm long 1,6400 TP 1,71
  • #159,158
  • Aug 19, 2009 6:04am Aug 19, 2009 6:04am
Quoting ashukla1980
Hello friends.

Sorry to ask this silly Q...What is meaning of Doji?
A doji is a candlestick that has the same oprning and closing price. You should read Nison, Steve - Japanese Candlestick Charting Techniques...awesome book!
  • #159,159
  • Aug 19, 2009 6:05am Aug 19, 2009 6:05am
Quoting hel13rock
I thought it might retrace but like Soar said it may just be a pause before another run down.

I'm watching the break of weekly S1.

looks like you are right

retrace maybe on the way
Lets Soar The Sky
  • #159,160
  • Aug 19, 2009 6:06am Aug 19, 2009 6:06am
Quoting w4rrenminded
1.651x is better for me entering short
CLOSED at 6400..
waiting for reloading bear bullet at 1.642x..
spirit 0f pipping
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